BERLIN & WESTFORD, Mass.--(BUSINESS WIRE)--datango AG, the leading independent provider of software that accelerates time-to-value and increases user acceptance of mission-critical systems, today announced that revenue for its FY12 fiscal first quarter (April 1st, 2011 to June 30th, 2011) grew by 15% over Q1 of the previous year.
This growth in top-line revenue was fueled by a 21% increase in license revenues versus last year with particularly strong performance in the German and North American markets.
Chief Executive Officer, Oswald Zimmermann, commenting on the performance in Q1 said, ”We have set ourselves some strong growth targets for this fiscal year, not only in terms of total revenue but in particular as we look to continue to scale our operations at the same time as we continue to increase our profitability. During Q1 we’ve been able to begin our fiscal year with improvements in both revenue and EBIT while also continuing to increase our operational footprint which is a pleasing start to the year.”
“Importantly, our growth in Q1 was supported by strong license sales comprising increasing revenues from new markets such as Asia Pacific in addition to our businesses in Europe and North America. We added more than 50 new clients during the quarter, extended a key OEM relationship and secured a new OEM agreement with a key organization in the Human Capital Management industry.”
Mr. Zimmermann continues, ”In addition to a solid financial start to the year, we’ve also continued to demonstrate our commitment to innovation and technology leadership with the release of the latest version of our datango performance suite and the ‘beta’ release and introduction of our next generation approach to process adoption and optimization – the datango electronic process optimizer which we showcased to select organizations during the quarter and which was extremely well received. What’s more, the introduction of our customer stewardship program has been welcomed by our growing customer base and allowed us to better support those organizations that have made an investment in our technology.”